An Organization's Process for Evaluating the Quality Systems of Key

question 20

Multiple Choice

An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as:

• A)Quality Systems Certification
• B)Supply Management
• C)Supplier Inspection
• D)Supplier Certification

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Definitions:

Sales Revenues

Income earned by a company from its sales of goods or services, before any deductions.

Annual Depreciation

The annual expense taken for a fixed asset, representing a fraction of its cost spread over its lifespan.

Useful Life

The estimated duration of time that an asset is expected to be usable for its intended purpose, affecting depreciation calculations.

Salvage Value

The conjectured remaining value of an asset at the close of its functional lifetime.